Intrinsic Valuation of: INDIANB
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 81 Market Cap ₹880B
2021 - - (-) P/E Ratio 8 Total Asset ₹8,770B
2022 ₹284B - (-) Net Income ₹113B Total Debt ₹0
2023 ₹-282B -199.3% (-185.4%) EBITDA - Total Liab ₹8,055B
2024 ₹-92B 67.3% (71.2%) Opr Margin - Debt/Equity -
2025 ₹169B 282.4% (265.1%) PreTax Margin - BV/Share 531
5Y Average FCF ₹20B 50.1% (50.3%)
Overall Market Assumptions:
Assumptions: P/E for No-Growth Company: 7.0
Perpetual Growth Rate (g): 2.5% Historical US Bond Yield: 4.4%
Discount Rate (WACC): 7.4% Current US Bond Yield: 3.5%
Forcasting Future Free Cash Flow for next 6Y Modified Benjamin Graham's Intrinsic Value
Year FCF Projection (25.0%)
2026 ₹211B MBG Intrinsic Value ₹728
2027 ₹263B
2028 ₹329B
2029 ₹412B
2030 ₹514B
2031 ₹643B
Terminal Value ₹13,369B Net Worth/Share ₹531
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹10,473B Growth Rate
(+) Cash & Cash Equivalents ₹550B ₹8,183 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹0 WACC 7.3% 7,169 7,708 8,359 9,160 10,171
Equity Value ₹11,023B 7.4% 7,105 7,633 8,270 9,053 10,036
Shares Outstanding 1,346,960,000 7.4% 7,042 7,560 8,183 8,947 9,905
7.9% 6,470 6,898 7,404 8,013 8,759
DCF Intrinsic Value ₹8,183 8.4% 5,982 6,340 6,757 7,252 7,847
Analyzed by QuantJuice (2025)